Question 16 1 pts Vhich of the following is correct? Failure to report a gain on the sale of an asset results in an understatement of stockholders' equity Failure to report a gain on the sale of an asset results in an overstatement of net income. O Failure to report a loss on the sale of an asset results in an understatement of net income. O Failure to report a loss on the sale of an asset results in an understatement of earnings per share